Tag Archives: financials

Lowe’s Companies today reported a better-than-expected rise in fourth quarter sales, which the company suggested is due to an improving housing market and warmer winter weather. The announcement comes the day after Home Depot also announced better-than-expected sales. While Lowe’s still trails behind its …

The Home Depot today reported fourth-quarter and overall fiscal 2015 sales growth, crediting a recovering housing market among the reasons for the increases. Sales were $21 billion for the fourth quarter of 2015, for a 9.5 percent increase from the fourth quarter of …

Walmart has announced plans to close 269 stores, including 154 locations in the U.S., which marks a change for the company. “It’s the first mass closing,” Walmart expert and journalist Charles Fishman told Hardware Retailing. “I think this isn’t significant financially. It’s significant symbolically.” …

This week, The Home Depot described progress toward strategic goals and outlined long-term financial targets for the company. The retailer’s key strategic initiatives continue to be centered on customer experience, product authority and productivity, as well as new goals, according to the company. In December …

The annual Cost of Doing Business Study from the North American Retail Hardware Association (NRHA) is the industry’s only inclusive benchmarking study and has been conducted annually for almost 100 years. The study provides detailed financial information from hardware stores, home centers …

Two big boxes and two of the major home improvement cooperatives released third-quarter results last week, and sales were up across the board. Read the following articles for details on the financial performance of each of these home improvement businesses: Ace Hardware …

Ace Hardware Corp. today reported double-digit growth in revenue and net profits in the third quarter of 2015. Revenue was $1.3 billion, an increase of 13.2 percent from the third quarter of 2014. Net income for the quarter was $54.2 million, an increase of …

True Value Company announced its third-quarter results this week, reporting revenue and same-store sales growth. The co-op’s revenue was $365.5 million for the quarter, an increase of 4.2 percent from the same period in 2014. Destination True Value comparable store sales …